Property Overview: 423 Monreith Street, Winnipeg
Key Characteristics & Appeal
This 1948 home in Robertson presents a practical opportunity centered on value and potential. At 748 sqft, the living space is compact—significantly below city averages—making it one of the smaller homes on its street. However, this is balanced by a lot size that is above average for the immediate area, offering valuable outdoor space relative to neighbouring properties. With an assessed value of $254k that aligns closely with street and neighbourhood benchmarks, the home is positioned as an affordable entry point into the Winnipeg market, well below the citywide average.
The primary appeal lies in its efficiency and lot potential. It suits a first-time buyer, an investor, or someone looking to downsize who prioritizes a manageable footprint and lower carrying costs. The larger-than-standard lot for the street offers a less obvious advantage: room for expansion, gardening, or outdoor living that isn't typical for homes in this price bracket. It’s a property for those who see the land as an asset and are comfortable with a home that may require updates, common for its era. The historical sale data suggests it has been a stable, value-holding property in a mature neighbourhood.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
The living area is below average for Monreith Street, the Robertson neighbourhood, and Winnipeg overall. It is a compact, efficient layout typical of its post-war construction period.
2. Is the assessed value in line with the area?
Yes. The $254,000 assessment is very close to the street average and slightly below the neighbourhood average, positioning it as a typical value for this specific location.
3. What is the standout feature of this property?
The land area. At 4,201 sqft, the lot is larger than most on Monreith Street, offering more outdoor space than you might expect for a home of this size and value.
4. What can past sale data tell me?
Records indicate it last sold in late 2019 for an estimated $200k-$250k. This suggests a history of being an affordable, entry-level property. For verified, exact sale figures, you can request a manual lookup via email.
5. Who would this property suit best?
It’s well-suited for a pragmatic buyer: a first-time purchaser comfortable with a smaller home, an investor looking for a rental property, or a downsizer. Its appeal is grounded in value, lot size, and location rather than interior square footage.